Real Estate Investing in Lafayette Township, New Jersey (07848)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07848 (Lafayette Township, NJ)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Lafayette Township, NJ (07848)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 07848 Lafayette Township
This part of Sussex County is not an easy win. The 07848 ZIP records softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed markets are won on execution, not on spreadsheets. ZIP 07848 clocks in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within NJ, ZIP 07848 trails on several market indicators that neighboring Sussex County submarkets outperform. The gap is real and robust enough to shape underwriting.
A impressive renter share of 14% in 07848 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Experienced landlords with local relationships tend to find 07848 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Lafayette Township:
Property Strategy for 07848
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $302,200 | $1,940 | 4.6% | +12.3% | $151,100 |
| 3BR | $466,701 | $2,430 | 3.7% | +10.3% | $155,567 |
| 4BR | $710,969 | $2,760 | 2.8% | +10.3% | $177,742 |
Market Trends
Home Value History (with trend line)
📊 How Does 07848 Compare?
| Metric | 07848 | Lafayette Township | New Jersey |
|---|---|---|---|
| Home Value | $490,308 | $490,308 | $559,826 |
| 5-Year CAGR | 5.1% | 5.1% | 8.4% |
| Avg Rent | $1,746 | $1,746 | - |
| Cap Rate | 2.8% | 2.8% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 07848 (Lafayette Township, NJ). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 07848 (Lafayette Township, NJ)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $490,308 |
| Monthly Rent | $1,746 |
| Price-to-Rent | 23.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 7.9% |
📈 Home Appreciation
| 1-Year | +4.0% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.8%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 07848
Population: 4,513
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 07848
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,010 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is real estate in Lafayette Township, NJ a good investment right now?
With a 3.0/5 investability score, Lafayette Township, NJ ranks as a solid market for rental property investors. Median prices of $490K and rents of $1,746/mo drive the underlying numbers.
How quickly do rentals get leased in Lafayette Township, NJ?
Expect elevated vacancy in Lafayette Township, NJ. Rents at $1,746/mo are absorbed by the tenant base without meaningful lag.
What is the average home sale price in Lafayette Township, NJ?
Homes in Lafayette Township, NJ typically sell near $490K. Prices have moved at a 0.0% 5-year CAGR, which reliable long-term demand.
Can I house hack in Lafayette Township, NJ?
House hacking works a challenging in Lafayette Township, NJ. Rents of $1,746/mo against $490K acquisition make the strategy solid for owner-occupants.
How much rent can I charge in Lafayette Township, NJ?
Expect rents around $1,746/mo per month in Lafayette Township, NJ. With home values at $490K, the yield math works out to reasonable levels for rental investors.
You know 07848 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 07848 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 07848 ranks in New York-Newark-Jersey City, NY-NJ-PA
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 07848 (Lafayette Township)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 07848 (Lafayette Township, NJ).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.